Jkx Oil & Gas Share Discussion Threads

[deanroberthunt] 13/10/2017 10:26

why are they bothering, they should just give it up as a bad job, hand it back to the Ukrainians, who don't want them there anyhows, and come home....

[stonefold] 05/10/2017 16:23

Interesting timing.

"...Regal Petroleum plc (AIM: RPT), the AIM-quoted oil and gas exploration and production group, announces changes to the Board of Directors of the Company.

With effect from 16 October 2017, Mr Keith Henry will step down as Executive Chairman and Director of the Company and Dr Alastair Graham will step down as Non-Executive Director of the Company. ..."

===


I wonder how far down the list of assets of Igor Kolomoisky and Gennady Bogolyubov, the Prosecutor General's Office will go.
The Pechersk District Court has issued instruction to seize various properties in a dispute regarding PrivatBank.
Could their shareholding in JKX ( Eclairs Group Ltd 47,287,027 27.47% ) be taken out of their control?

[glavey] 19/9/2017 02:10

This looks to be heading lower than when the old brigade were in charge! :-\

[stonefold] 14/9/2017 20:13

11-09-2017

Ministry of Justice hire firm for upcoming legal case.
International Law Firm King & Wood Mallesons (MENA) LLP

[wallywoo] 13/9/2017 10:37

happy: JKX is certainly cheap. They have £152M of net assets and only £20M mkt cap.

However, there are significant problems here:

1) The gov on Ukraine are trying to get JKX to pay significant back taxes ($30M+). Very debatable whether they actually owe them or not, but sensible tax policy and Ukraine are not the same.

2) Russia with poor internal gas rates is struggling to generate cash (and until the mkt opens up that will continue).

3) Ukraine has struggled to increase production and therefore, cash.

4) There are all sorts of power struggles going on with the ownership and control of JKX.

Until all these issues get resolved this is resigned to limp along IMO

[happyholder123] 09/9/2017 11:06

HNR -
TWO wells successfully drilled with abundant oil and gas in samples extracted!
Fracking and FIRST OIL next month!
Don't miss this train!

[stonefold] 27/7/2017 11:46

25-07-2017


JKX converting some of their crude oil into petroleum products, which they will then sell.
First auction on 27-07-2017 for a token amount.
Possiblility of higher profit margin?


Also on 26-07-2017 first sale following the re/up-graded of their LPG to PBA grade.



-- Pending

Half year figures due soon.

Fracking stage two?

Proposals for new Bod?

Three legal cases against Ukraine.

[glavey] 12/7/2017 08:07

Announcement:
Thanks for all your votes folks, we have noted them and we are doing our very best to work around them.

[glavey] 30/6/2017 06:28

AGM today! Musical chairs?

[inki] 19/5/2017 11:44

It looks like the two principal shareholders may now be about to vote in their own directors and effect a back door control over the company. Acting as a concert party.

[wallywoo] 18/5/2017 08:57

I would urge anyone interested in Oil and Gas plays, to view the recent CEO presentation. Looks like a very exciting few months for JKX:

[wallywoo] 21/3/2017 09:56

Its laughable really. Ukraine desperately need to encourage foreign investment, and they tie JKX up with tax hikes (from 28-55%, then back again), then numerous law suites for rent arrears. JKX are a large foreign investor and have been making sizible losses for several years, due to this - it is not as though they are making huge profits.

"Advert: Come and invest in Ukraine, we will try to sue you for everything we can and tax you to make sure you make losses for years!!"

[wallywoo] 02/3/2017 08:35

Eclairs Group Ltd. 47,287,027 27.5%
Proxima Capital Group, Inc. 34,288,253 19.9%
Neptune Investment Management Ltd. 22,881,056 13.3%
Keyhall Holding Ltd. 19,656,344 11.4%
Interneft Ltd. 11,368,460 6.60%
JKX Employee Benefit Trust 5,000,000 2.90%
River & Mercantile Asset Management LLP 2,747,166 1.60%
Ceskoslovenska Obchodni Banka, a.s. 2,295,043 1.33%
TD Direct Investing (Europe) Ltd. 2,226,000 1.29%
Investec Wealth & Investment Ltd. 1,916,000 1.11%

This looks the most up to date list I can find. Some unusual names on there!

[glavey] 02/3/2017 05:33

The website could do with updating:
Major Shareholders Information as at 4 March 2016

[wallywoo] 01/3/2017 13:21

Might be right inki. Though what really needs to get sorted first is all the court cases. To date the situation is:

1) Awarded + $12M for arbitration case
2) Has -$32M of disputed rental / tax payments going through the courts

So depending on how that lot sorts itself out, JKX will either have money to expand production or not. Coin anyone?

[inki] 01/3/2017 11:20

The new management have shown a more focused outlook, instead of burying their heads in the sand as before.

Their objectives seem well laid out. However one can still recall the major shareholders who may or may not still be considered 'a concert party' or 'connected', could at the time when funding is needed take control in some way.

[wallywoo] 28/2/2017 13:56

Interesting developments in Ukraine with coal blockades and potential 40% hike in domestic gas prices. No idea how this will effect JKX. They are doing the right thing, developing gas fields and keeping their head down:

[stonefold] 10/2/2017 16:06

Polygon Global Partners LLP reduced their net short from 0.57 to 0.49% on 07-02-2015. The short (was originally/maybe still is) to hedge their convertible bonds.
So having read the arbitration result they are not expecting the share price to fall much in the near future?

Looking at cash flow, JKX should have enough to pay the Bond interest later this month and the bond repayment + interest February 2018.

If there was a requirement to pay either or both of the two court case in the next 12 months, that would be interesting.
Might have to sell the Russian assets.

However production has been increasing:
Ukraine natural gas production was up 7.1% to 16.51 cu M for the month of January.

Then well NN47 is being put on to production at about 11.5 mm cu ft d
Well NN16 work over = ?

Hungary well HN-2st due to go into production early February at 1.8 mm cu ft d

So possible 70% increase in gas production.
Combine with the improvement in production taxes, there could be enough profit to cover the court debt ( if payments were made in stages ).

It could soon be clear of all debt (bonds and any court) and have a more relaxed share price.

Bit like a fat swan on the opposite side of a lake - the ingredients are there for a take off and flight - but keep an eye on its progress.

[glavey] 10/2/2017 05:40

"as late in the day"

And so was the follow up!! :-/

[colin12345678] 06/2/2017 17:01

Tomorrow it will missed as late in the day

[cudmore] 06/2/2017 16:46

Thought this would have climbed a lot more on the positive news

[apfindley] 06/2/2017 16:26

Great news for jkxSo some of these arbitration tribunals do end up in favour of the wronged party.Unlike Oxus and Churchill who were both shafted big time.